FWP 1 n784_x14.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-11
     

 

----- Original Message -----

From:  WELLS ABF SYNDICATE WELLS FARGO (WELLS FARGO SECURITI)

At:  11/29/16 12:03:38

 

WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-LC25 - PUBLIC NEW ISSUE **IO LAUNCH** $826.045 MM FIXED-RATE CMBS OFFERING

 

SOLE LEAD MANAGERS & JOINT BOOKRUNNERS:  WELLS FARGO SECURITIES, LLC

CO-MANAGERS:  ACADEMY SECURITIES, INC. AND DEUTSCHE BANK SECURITIES INC.

 

OFFERED CERTIFICATES - PUBLIC

CLASS DBRS/FITCH/MDYS/MSTAR SIZE($MM) ~PROCEEDS ($MM) LAUNCH
X-A AAA(sf)/AAAsf/Aaa(sf)/AAA 668.475 46.2 T+245

 

COLLATERAL SUMMARY  
   
INITIAL POOL BALANCE: $954,965,554
NUMBER OF LOANS: 80
NUMBER OF PROPERTIES: 135
WA CUT-OFF LTV: 63.2%
WA BALLOON LTV: 54.8%
WA U/W NCF DSCR: 2.16x
WA U/W NOI DEBT YIELD: 12.6%
WA MORTGAGE RATE: 4.461%
TOP TEN LOANS %: 37.9%
WA REM TERM TO MATURITY (MOS): 114
WA REM AMORTIZATION TERM (MOS): 352
WA SEASONING (MOS): 2
   
LOAN SELLERS: LCF(43.5%), WFB(28.9%), RMF(20.9%), NCB(6.7%)
   
TOP 3 PROPERTY TYPES: RETAIL (31.9%), OFFICE (24.1%), HOSPITALITY (14.5%)
   
TOP 5 STATES: NY(17.8%), CA(10.4%), TX(8.8%), SC(6.8%), FL(6.5%)
   
MASTER SERVICERS: WELLS FARGO BANK, NATIONAL ASSOCIATION AND NATIONAL COOPERATIVE BANK, N.A.
   
SPECIAL SERVICERS: CWCAPITAL ASSET MANAGEMENT LLC AND NATIONAL COOPERATIVE BANK, N.A.
   
DIRECTING CERTIFICATEHOLDER: WORLD CLASS CAPITAL GROUP
   
DOCUMENTS & TIMING  
 ANTICIPATED PRICING: TODAY at 12:30PM
 ANTICIPATED SETTLEMENT: DECEMBER 8, 2016
   
PRE-RECORDED GLOBAL INVESTOR CALL: WWW.NETROADSHOW.COM
REVIEW CODE: WFCM2016LC25
FINAL LINK: http://www.netroadshow.com/nrs/wp/default.html?show=ef28CB

 

Wells Fargo Commercial Mortgage Securities, Inc., as depositor, has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-206677) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8 a.m. - 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.

 

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If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you many obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid3. In Japan, see: https://www.wellsfargo.com/com/disclaimer/wfsjb4.